20th May 2024
- BlackRock’s Rieder Says Cut, Not Hike, to Tame US Inflation (1)
Goods disinflation is pushing activity into services: Rieder
Still, ‘worst fears were allayed’ with release of April CPI
https://blinks.bloomberg.com/news/stories/SDMSA8T0G1KW
- ‘Anything But Bonds’ Trade Nears End at Big Funds: Credit Weekly
Largest 20 fund managers increased duration in past two months
Risk-on returns as markets price in two rate cuts this year
https://blinks.bloomberg.com/news/stories/SDL0ZKT0AFB4
- El-Erian Says Fed’s Higher-for-Longer U-Turn at Odds With Market
Fed’s 2% inflation target is ‘totally arbitrary’: El-Erian
Real economy, not inflation, will force Fed to pivot, he says
https://blinks.bloomberg.com/news/stories/SDMPJ3T1UM0W
- Biden Courts Black Voters in Georgia With Reminder of 2020 Win
Morehouse College commencement is focus of intensified push
President also plans Detroit visit as polling shows slippage
https://blinks.bloomberg.com/news/stories/SDPAD5DWLU68
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